This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
To date, 2017 Construction Labor Cost Data shows a increase of 2.5%-2.7% 2.7% (over 12 months period), indicating a strong overall industry and consistent with forecasts of an approximate 3% increase for the year. Private office construction spending increased 29% in 2017, but demand has decreased (Census Bureau).
The American Rental Association’s (ARA) Rental Market Monitor forecasts rental revenues will reach $33.5 billion, a 7-percent increase over 2012, according to Rental Equipment Register. According to the forecast, equipment revenue in the U.S. According to the forecast, equipment revenue in the U.S.
According to a new market report published by Transparency Market Research titled, “Construction Equipment Market – Global and China Forecast, Market Share, Size, Growth and Industry Analysis, 2011 – 2017,” the global construction equipment market is expected to reach $192.3 billion by 2017 from $143.6
A new five-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) shows a moderate strengthening compared to the November forecast. equipment rental revenue will reach $48.9 billion in 2017, but then grow at an average annual rate of 4.3 ARA now projects U.S.
After solid growth in 2017, investment in equipment and software will likely continue to strengthen in 2018 and is projected to expand 8.5 percent in the Economic Outlook published in December) according to the Q2 update to the 2018 Equipment Leasing & Finance U.S. percent (down slightly from 9.1
The American Rental Association's (ARA) five-year forecast for equipment rental industry revenues was released in January 2017 and projects U.S. equipment rental revenue will reach $48.9 billion in 2017, then grow at an average annual rate of 4.3 percent over the forecast to top $56 billion in 2020.
The American Road & Transportation Builders Association’s (ARTBA) has released its economic forecast for 2018 and says the U.S. percent drop in 2017. transportation infrastructure market is anticipated to rebound slightly next year, following a 2.8
percent in 2017, driven largely by increases in highway and bridge private construction activity supporting residential and commercial developments, according to the American Road & Transportation Builders Association’s (ARTBA) chief economist. Total transportation construction and related market activity is expected to grow 1.3
ConstructConnect released of its Q2 2017Forecast Quarterly Report yesterday, revising its 2017 predictions and modifying its 2018 outlook. The report says the year-over-year grand total 2017 starts change forecast has been eased back to +4.8 percent from the +7.4 percent from +6.4 percent.
Tax cuts and reduced regulations buoyed the stock market, and many construction firms geared up for a continuation of the growth seen during 2017. Last year brought bold moves that bolstered nearly every realm of the construction industry. Then came the tariffs tiff, igniting a trade war affecting…
Associated Builders and Contractors (ABC) Chief Economist Anirban Basu, American Institute of Architects (AIA) Chief Economist Kermit Baker and National Association of Home Builders (NAHB) Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a joint economic forecast Monday.
The American Rental Association (ARA) , which offers quarterly updates to its five-year forecast for equipment rental industry revenue to reflect more current economic factors, released its second quarter outlook which calls for continued revenue growth of 5.6 percent in 2017 in the U.S. percent in 2016 and 4.9
The latest five-year forecast for the equipment rental industry released by the American Rental Association (ARA) remains positive, even as several economic factors point toward more modest increases over the next five years. ARA now projects equipment U.S. percent in 2017 to reach $49.0 percent in 2017 to reach $49.0
The new five-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) continues to call for steady gains and expectations for growth are greater than in the February forecast. equipment rental revenue to reach $49.4 billion in 2017, up 4.5 ARA now projects U.S.
People are right to be concerned, since in 2017, McKinsey Global Institute found the construction industry’s labor productivity only improved 1 percent globally over the past 20 years. Managing projects in construction is a complex set of tasks that involves overseeing a lot of people, equipment, materials and timelines.
Wells Fargo Equipment Finance has released its 2018 Construction Industry Forecast based on a survey of construction industry executives in 44 states completed in November 2017.
Rental industry revenue is projected to grow at least 7 percent per year through 2018, according to projections by the American Rental Association (ARA) in its ARA Rental Market Monitor forecast. Total equipment rental revenue is expected to grow 7.3 percent in 2017, and 7.4 percent in 2015, 7.8 percent in 2016, 7.3
Storage Equipment. The Home Improvement Research Institute (HIRI) has just released its September 2012 forecast for the size and trends in the home improvement market. TAMPA, FLA. -- The Home Improvement Research Institute (HIRI) has just released its September 2012 forecast for the size and trends in the home improvement market.
Department of Commerce released data for June 2017 construction spending which shows a 1.3 Economists had forecasted an increase of 0.4 percent decrease in total construction spending at $1.2 trillion, the lowest level since last September. On the plus side, total construction spending year-to-year was up 1.6 percent in June.
The German Council of Economic Experts (GCEE) presented Chancellor Angela Merkel with a late re-election gift this week: A forecast of steady economic growth for the next two years. percent in 2018, on the back of a predicted 2 percent rise in 2017, according to the council, with the 2017 projection a sharp increase on the previous one of 1.4
According to the Florida & Metro Forecast 2013–2016 , published in April by the Institute for Economic Competitiveness (College of Business Administration, University of Central Florida), Florida’s economic future also looks bright. The state will cross the trillion dollar threshold for nominal GSP in 2017. By Dominique Cantelme.
Meanwhile, Pro Builder ’s 2023 Housing Forecast Survey found builders are relying on a wide range of sources to help refill the labor pool, putting themselves at the top of the list and followed closely by state or local HBAs, independent recruiting services or programs, trade partners, and local labor unions, in that order.
This movement is made evident by the 2024 AIA Consensus Construction Forecast, 1 which projects a pattern of stable growth for healthcare will continue, producing an increase in spending of around 3.5 percent annually this year and next. Healthcare was one of the few major construction sectors that did not see a decline during the pandemic.
From the September/October 2017 Issue. The REMC meets regularly with Hoosier Energy for load forecasting to plan for the growing community that currently has 2 million square feet of new industrial, warehousing and distribution space available for relocating and expanding businesses. By the BF Staff. percent increase.
The project, which began three years ago and is expected to be completed by 2017, is more than halfway done after workers finished dredging an 11-mile stretch, known as Reach D, last month. A massive, $300-million Delaware River dredging project is helping the Port of Philadelphia get post-Panamax Ready.
We would like to thank Equipment World for this informative article on the Construction Industry’s Recovery. Noting concern over the several obstacles discussed above in addition to rising labor and “tame” materials costs, Simonson forecast between 6- and 10-percent growth for the year and through 2017. Slow Recovery.
From the September/October 2017 Issue. Here’s a peek at what’s driving change in 2017: The factory of the future: Tesla’s “Gigafactory,” may represent not just what future factories look like, but how companies approach their entire manufacturing process. The program boasts 225 member companies and 650 students enrolled for fall 2017.
million for workforce training, $6 million for equipment needed by career and technical training programs and $1.5 The project should be completed by August 2017. The Phase II building, which covers 43,000 square feet, allows company workers to test new robots or other automated equipment. 220 in Daleville.
The Pennsylvania Rapid Bridge Replacement project aims to replace 558 aging bridges across the Keystone State by the end of 2017. Navagant Research forecasts that the global SGaaS market, estimated at $1.7 Project funds may be used for acquisition or improvement of real property and purchase of machinery and equipment.
It is also important to not the CCI is only based 66 materials, 21 trades and six pieces of equipment (plus fuel and maintenance costs, and reflective of a comparsion to thirty (30) defined ciities throughout the United States. Price books are created annually and quarterly updates are provided using factors, called a CCI.
We organize all of the trending information in your field so you don't have to. Join 116,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content